| dc.description.abstract | Finance Shared services (FSS) entered the corporate environment in the early 1990’s as
large decentralized firms sought to combine basic transactional processes such as payroll,
purchasing and accounts payable, and sell back those services at cost to the individual
business units. As companies extend their presence across borders, it becomes
increasingly uneconomical to maintain a duplicate finance and accounting infrastructure
within each country ofoperation. FSS was therefore created to gain advantage in cost
savings, standardization of process and to increase efficiency.The study sought to
establish the effect of finance shared service on financial performance of manufacturing
firms listed at Nairobi securities exchange.The study adopted descriptive research design.
Secondary Data was obtained from Nairobi Securities Exchange 2007-2013 published
handbook. Chi square test was used to analyze association between three years mean of
Return on Equity, Earnings per share, Market price per share and Return on Capital
Employed for period prior to and after implementation of FSS. The study revealed that
there was no association between finance shared service and the financial performance of
manufacturing firms listed at the NSE. The study recommends that there is need for
management to understand and monitor the Costs of operations to ensure that controllable
costs are brought minimized with the implementation of FSS since its reduces duplication
of key processes that were being done in various branches | en_US |
